Brač, Milna, unique commercial-residential property in an excellent location

Brač, Milna, in an exceptional location along the Milna waterfront promenade, a unique property on a building plot of 315 m², featuring two existing buildings with a total area of 275 m².

The main building is a historic mixed-use residential and commercial house, consisting of a ground floor, two upper floors, and an attic, with a gross floor area of 175 m². According to spatial planning documentation, the ground floor is designated for commercial use, while the upper floors are intended for residential and commercial purposes. The building is registered as existing before February 15, 1968, and represents a valuable example of Milna's historic architecture. The property gains its special value from its exceptional historical and architectural features. The house is protected as a cultural heritage site and is located within the cultural-historical ensemble of the Milna settlement, in an area of full protection of historic structures. Numerous valuable traditional architectural elements have been preserved on the building, especially the facade made of regularly cut stone blocks, the stone cornice, the stone balcony, the stone window and door frames, and the characteristic stone balustrade (Balatura), which give the property a distinctive historic and architectural character.

The second building is a commercial space consisting of a ground floor, with a gross floor area of 100 m². The building was subsequently legalized, and a decision on the executed state from 2014 is available.

The property is offered for sale in its current condition, with significant potential for renovation and further value enhancement. The historic main building requires reconstruction of part of the structure, renovation of the roof and attic, as well as interior design, with careful restoration and preservation of valuable stone and other historic elements. The existing condition of the building requires a professional approach to renovation, especially considering its cultural heritage protection and architectural value.

A conceptual design for the reconstruction and expansion of the property has been prepared, which includes the renovation of the historic house, reconstruction and replacement of the building housing the former commercial premises, and their connection into a single unit for tourism and hospitality purposes, with the potential to develop into a heritage hotel. The conceptual design represents the potential future development of the property, while the areas and descriptions of the buildings stated in this offer reflect the current condition. The property can also be used for other residential and commercial purposes.

The property is located in an exceptionally attractive location directly on the Milna waterfront promenade, with secured pedestrian access from the south side, vehicle access from the waterfront side, and additional access from the east and north sides, which represents a significant advantage for the future value increase of the property.

The combination of an exceptional waterfront location, historic value, protected architecture, existing building structures, and the possibility to develop residential and commercial facilities makes this property a particularly interesting opportunity for investors and buyers who recognize the potential of authentic historic properties in attractive locations on the island of Brač.

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